Oct 1, 2012 3:00pm EDT
skeptical investors? we'll check it out. >>> also speaking of facebook, is mark zuckerberg as we've never seen him before, in a suit? what is the world coming to? what was the occasion? we'll find out, coming up. he didn't even wear a suit for his wedding. smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> all right. there is mark zuckerberg wearing a suit. i joked before the commercial, that zuckerberg didn't even wear a suit before, during his wedding. and maria, i stand corrected. one o
Oct 4, 2012 3:00pm EDT
billion users. on mark zuckerberg's facebook page, he wrote, helping a billion people connect is amazing, humbling, and by far the thing i'm most proud of. they've also launched their first commercial. let's take a look. >> chairs. chairs are made so people can sit down and take a break. anyone can sit on a chair. if the chair is large enough, they can sit down together. and tell jokes or make up stories or just listen. chairs are for people. and that is why chairs are like facebook. >> the use of a chair, maria. stock up about 0.4%. back to you. >> that is really funny. thank you, seema. watching facebook there trade in active volume. meanwhile, it's the end of an era at the new york stock exchange today. >> one of the most beloved personalities here on the new york stock exchange floor is retiring today. one james mcguire sr. he began his career in 1949. truman was in office. the dow, i looked it up, was at 180 at that time. >> i was 18 years old. >> you were 18 when you started your career on wall street. different times back then. >> no, pretty much the same. >> nothing has changed?
Oct 5, 2012 3:00pm EDT
more than $1.3 billion. he joined mark zuckerberg and all the other young tech tycoons who suddenly became members of that ten-digit club. but zynga's falling share price has chopped more than $1 billion from his fortune. he's now worth less than $250 million. his paper wealth in zynga has fallen by more than 80%. he's lost, get this, more than $4 million a day or close to $200,000 an hour for the past seven months. now, we shouldn't feel bad for him. he sold $200 million worth of stock back in april before that big fall. he bought a $16 million mansion in san francisco. he's got a multimillion dollar home in aspen. plus, he's got a lot of other wealth from facebook and other investments. but mark is now proof that sudden wealth can quickly become sudden wealth loss in social media. of course, the new .com guys learned something new, to take that wealth off the table before it goes up in smoke. back to you, michelle. >> yeah, exactly. thanks, robert. >>> we have about 20 minutes before the closing bell. the dow jones industrial average has now gone negative on the session. nasdaq's